1062 W Columbia Avenue Chicago IL 60626 MLS #MRD12432702

Amazing opportunity to own an oversized 4-unit building on a dead-end street. The building sits on a 37 x 175 lot that is 100 feet from a public beach on Lake Michigan (here the waves crash from the back decks). Just steps off Loyola Campus-easy access to the Metra, L train, and Lake Shore Drive. Lease dates-Garden Mnoth to month @ 2425; unit 1-8/26 @ 3950; unit 2 – 2/28/26 @ 3750; unit 3 – 10/25 @ 3750. 166500 in rent a year. Units can be upgraded-tons of room for the rents to grow. All the units have full kitchens, in-unit laundry, forced heat, and central AC. large bedrooms and a large common family room. Units 1 to 3 have back decks. Parking in the back for up to 8 (tandem parking). All brick building. The owner covers electricity and heat with the rent. Gas for 2024 was 6915; electric for 24 was 7096; 2024 water was approx. 3k; 24 insurance was 5306-144k net after expenses. The roof was changed in 2024, and all the mechanicals have been updated since 2021.